need a consolidation loan but have bad credit and collateral
Date: Mon, 03/12/2007 - 20:27
Not looking for a debt counseler or program just looking for a consolidation loan. In the past i was not make very good money just out of school and the student loans and credit cards were making it in possible. But now im making good money and just need to consolidate. Not a counseler or some one to take care of creditors "Been their done that." Most creditors are willing to settle with me and im not going to pay some one to settle somthing i allready have. Just need money up front to consolidate. "Not counseling,no savings program, so if you think you got a answer and not a gimick. Anything else your just wasting your time and mine.
This site does not provide loans. We are a community message boa
This site does not provide loans. We are a community message board forum dealing with issues related to debt and credit. You probably won't find many people on here who would recommend a loan to anyone as most of us are trying to get out of debt, not get into more of it. Sorry.
I am one of those people who will recommend NO LOAN. If you are
I am one of those people who will recommend NO LOAN. If you are having problems paying your debts now, a loan can only make matter worse. My recommendation is that you consolidate your debts using a debt consolidation program or the Do It Yourself guide on this website whereby you send proposals to your creditors to work out a payment solution that you can afford. I recommend the latter because you don't have to pay a company to consolidate your debts.
DO NOT TAKE OUT A LOAN!!! You are only setting yourself up for more trouble with debt. Work out a solution whereby you can have extra cash in your pocket each month.
Good luck to you.
When you want to consolidate everything under one, why do you ne
When you want to consolidate everything under one, why do you need a loan when there are better options to look for? A reputed company will not want you to give a loan because of your bad credit. Even if some company does, they will be charging you a very high interest rate because of lower credit scores. Then you are always at the risk of putting your collateral as a security. In case, you miss a payment, your property will come under risk.
Look for other better options like a debt management program. Here you pay in easy installments to the consolidation company and they post it to all your creditors. You get this plan at lower interest rates and most late fees already waived off. Talk to a debt counselor before you reach to a final conclusion.
